Small Theatre’s Demise Leaves Needed Funding For Others

“A small Philadelphia theater company called Hotel Obligado folded in December – which ended up, oddly, being good news. After producing offbeat and new work for eight years, Hotel Obligado closed with a surplus of about $5,000 – which has become its legacy, funding the city’s newest theater prize, the Hotel Obligado Audience Choice Award for New Work. A $1,000 chunk of it will be given to one of five small local companies tomorrow night….”